FHA Streamline Refinance – What’s the Catch?
Posted on 30. Jan, 2012 by Scott Schang in FHA Streamline
I know that sometimes FHA home loans get a bad rap because of the mortgage insurance premium, but there are benefits that go far beyond that of simply being easier to qualify. FHA home loans have a built in benefit of allowing you to reduce the interest without having to go through the expense and paperwork [...]
FHA Streamline Refinance Loan Still Ok at Higher Limit?
Posted on 17. Oct, 2011 by Scott Schang in FHA Streamline
The FHA streamline refinance program has been given a short window of opportunity amidst the across-the-board reduction of maximum FHA loan limits. 69% of California counties will experience a drop in maximum FHA loan limits of over $100,000. Merced and Monterey counties were hit hardest with an over $200,000 drop in the maximum FHA loan [...]
Historic Low Rates Make FHA Streamline Serious Option Now?
Posted on 03. Aug, 2011 by Scott Schang in FHA Streamline
Updated August 2nd, 2011 – Yesterday we saw an unprecedented drop of interest rates. This now becomes a very realistic option! Original Article July 14th, 2010: FHA Streamline refinance program is available to homeowners that currently have an FHA loan on an owner occupied home. FHA Streamline refinance loans are much quicker and easier than a typical [...]
FHA Streamline Refinance Just got Better?
Posted on 27. Oct, 2010 by Scott Schang in FHA Streamline
FHA streamline refinance program has seen several new developments and at least one of the changes has been for the better. Prior to these changes one of the requirements in regards to the FHA streamline program, was that the sum of all the liens on the home not exceed the geographical maximum mortgage limit for [...]
FHA Streamline Refinance Explained
Posted on 26. Aug, 2010 by Scott Schang in FHA Streamline
FHA streamline refinance loans have been back for awhile now and if you are currently in a FHA loan with a rate over 5% this may be the best way to take advantage of 30 year mortgages being at the lowest rate since 1971. A streamline refinance is basically HUD and FHA’s way of allowing [...]
CalPERS home loan qualifies for FHA streamline refinance?
Posted on 19. Jul, 2010 by Scott Schang in FHA Streamline
Your CalPERS home loan qualifies for FHA streamline refinance if a FHA loan was used to purchase the home. FHA is the most common loan used for CalPERS members because it offers a low to no down payment option when used with the CalPERS down payment assistance program. If you bought a home over 6 [...]
FHA Streamline refinance Guidelines
Posted on 14. Jul, 2010 by Scott Schang in FHA Streamline
FHA streamline refinance guidelines have permitted streamline refinances on insured mortgages since the early 1980′s. The “streamline” refers only to the amount of documentation and underwriting that needs to be performed by the lender, and does not mean that there are no costs involved in the transaction. The basic requirements of a FHA streamline refinance [...]
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